Disney shares fall more than 2 percent after analyst warns company needs to do more after coronavirus

Disney shares dipped more than 2 percent Monday after a Wall Street analyst cautioned that the company has a lot of work to do before it rebounds from the pandemic and its economic fallout.

Ticker Security Last Change Change %
DIS WALT DISNEY COMPANY 169.30 -6.42 -3.65%

BMO analyst Daniel Salmon, who lowered the rating on Disney stock from “outperform” to “market perform,” said streaming giant Netflix was his “top pick” in the space, despite Disney’s lengthy investor presentation Friday touting its rival Disney+ streaming service, which goosed the company’s stock last week.


In a report titled “Now the Hard Part Begins,” Salmon said Monday that he has decided to “step to the sidelines” even as Disney+, which has garnered over 80 million subscribers since last fall, rolled out

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Group Nine Media Explores Blank-Check Company for Digital-Media Acquisitions

Group Nine Media, owner of websites such as The Dodo and NowThis, is considering using a blank-check company to acquire some of its competitors, according to people familiar with the matter, as the digital-media sector continues to consolidate.

In recent weeks, Group Nine Media has consulted with advisers about the possibility of pursuing deals through a special-purpose acquisition company, also known as a SPAC, the people said. Those blank-check companies raise capital by going public and can put the proceeds into deals.

Group Nine Media is interested in acquisitions that could grow its audience and give it more bargaining power with online advertisers.

The venture-backed company, which formed in 2016 through the merger of several digital-media businesses, has already begun buying competitors. Last year, it purchased PopSugar, a women-focused digital publisher, adding its site and web properties to a portfolio that includes animal-focused The Dodo and NowThis, a news publisher.

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Voting machine company demands retractions over conservative media’s ‘disinformation’

On Monday, electronic voting system company Smartmatic demanded three conservative media outlets to retract claims that its machines skewed votes in favor of President-elect Joe Biden in November’s US presidential election.


Smartmatic issued retraction demand letters to Fox News, Newsmax, and One America News Network, according to a press release published by the Florida-based company Monday. In the letters, Smartmatic identifies several “factually inaccurate statements” made by the three conservative outlets throughout the 2020 presidential election cycle. These demands are often a precursor to a defamation lawsuit, although it is unclear whether Smartmatic will pursue litigation.


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“They have no evidence to support their attacks on Smartmatic”

“They have no evidence to support their attacks on Smartmatic because there is no evidence. This campaign was designed to defame Smartmatic and undermine legitimately conducted elections,” Antonio Mugica, Smartmatic CEO, said in a statement Monday. “This campaign is an attack on

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Smartmatic voting technology company sends legal notices to Fox News and other right-wing media outlets over ‘disinformation campaign’

A voting technology company swept up in baseless conspiracy theories about the 2020 election said on Monday that it had sent legal notices to Fox News and two other right-wing media companies for participating in a “disinformation campaign” aimed at damaging it.

a close up of a sign: NEW YORK, NY - MARCH 20: The News Corp. building on 6th Avenue, home to Fox News, the New York Post and the Wall Street Journal, on March 20, 2019 in New York City, New York. Disney acquired Fox today in a $71.3 million deal. (Photo by Kevin Hagen/Getty Images)

© Kevin Hagen/Getty Images
NEW YORK, NY – MARCH 20: The News Corp. building on 6th Avenue, home to Fox News, the New York Post and the Wall Street Journal, on March 20, 2019 in New York City, New York. Disney acquired Fox today in a $71.3 million deal. (Photo by Kevin Hagen/Getty Images)

The company, Smartmatic, said that Fox News, One America News, and Newsmax have helped spread false and defamatory claims that are not supported by real evidence and could easily have been debunked with basic research.


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“They have no evidence to support their attacks on Smartmatic because there is no evidence,” Smartmatic chief

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Medical Imaging Equipment Services Market Size, CAGR, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

The MarketWatch News Department was not involved in the creation of this content.

Dec 14, 2020 (Market Insight Reports) —
According to Vision Research Reports, the global medical imaging equipment services market size is projected to surpass US$ 30 billion by 2027 and is expected to expand at a CAGR of 3.7% from 2020 to 2027.

Hospital centric business model favoring long term partnerships is projected to drive the global medical imaging equipment services market during the forecast period. The global medical imaging equipment services market is witnessing unprecedented dynamics due to shift toward value based servicing offerings. This has induced market players to focus on technological upgrades in order to stand out from competitors. These innovative technologies used in imaging modalities are projected to drive the upgrade of current systems. This in turn is likely to propel the global medical imaging equipment services market.

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Disney’s stock gets a downgrade as company begins the ‘hard part’ of meeting subscriber goals

Walt Disney Co. shares have surged recently amid optimism for the company’s ambitious streaming targets, and that’s reason enough to take a breather on the stock, according to one analyst.

BMO Capital Markets analyst Daniel Salmon cut his rating on Disney’s stock

to market perform from outperform on Monday, just a few days after the media conglomerate held an investor day at which it unveiled the expectation that 230 million to 260 million Disney+ subscribers will be signed up by fiscal 2024. The company also plans to release more than 100 titles to the service every year in a big content push.

“We believe improved vaccination rates could help Disney continue to be a solid ‘reopening’ play, but with considerable multiple expansion recently for both initial vaccine news and Thursday’s direct-to-consumer (DTC) investor day, we step to the sidelines,” Salmon wrote in a note titled “Now The Hard

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How This Founder Created A Virtual Assistant Company To Employ Military Spouses Worldwide

It’s an act of heroism joining the military to defend the country. Serving the country garners low wages and an incredible amount of time away from family members. Roughly 52% of the 1.3 million active-duty personnel are married. The Blue Star Families 2019 Military Family Lifestyle report found that 48% of military spouses are concerned with or have difficulty finding employment, and 76% of spouses are unemployed. A large part of the unemployment rate is because of how often military families move and relocate.

Michelle Penczak, military spouse and founder of Squared Away, employs and empowers military spouses to build their own careers.

Squared Away, a full-service virtual executive assistant company, allows its employees to work from anywhere in the world while still servicing its clients. Employees

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